Gold falls below $4,100 an ounce

Gold prices fell in global commodity markets. Spot gold declined by 0.4% to $4,060.46 per ounce.

COMEX gold futures for August delivery also fell, losing 0.3% to $4,069.80 per ounce.

The decline came as renewed tensions in the Middle East revived inflation concerns and expectations that interest rates could remain higher for longer.

Higher interest rates usually reduce demand for gold, which does not yield interest.

N.Tebrizli